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JGB Yield rises emphasize "Need for Fiscal Prudence": IMF Spokesperson

Recent rises in long-term Japanese government bond yields emphasize "the need for fiscal prudence," International Monetary Fund spokesperson Julie Kozack said Thursday. The level of government debt in Japan is "quite high," and is projected to reach 230 pct of the country's gross domestic product in the IMF's recent World Economic Outlook report, Kozack said at a press conference. [...]